Hong Kong – Commencement notice for Sale of Goods (United Nations Convention) Ordinance gazetted

Commencement notice for Sale of Goods (United Nations Convention) Ordinance gazetted

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     The Government published in the Gazette today (June 30) the Sale of Goods (United Nations Convention) Ordinance (Commencement) Notice. The Sale of Goods (United Nations Convention) Ordinance (Cap. 641) (Ordinance) will come into operation on December 1, 2022.



     The Ordinance seeks to implement the United Nations Convention on Contracts for the International Sale of Goods (CISG) in the Hong Kong Special Administrative Region (HKSAR).



     Pursuant to the relevant process under Article 153 of the Basic Law (Note), as well as the requisite declaration and notification on May 4, 2022, by the Central People’s Government to the Secretary-General of the United Nations (as depositary for the CISG), the application of the CISG (without China’s reservation in respect of Article 1(1)(b) under Article 95 of the CISG) to the HKSAR will take effect on December 1, 2022. The Ordinance will come into operation on the same day in order to implement the CISG in the HKSAR. For this purpose, the Secretary for Justice, under section 1(2) of the Ordinance, has appointed December 1, 2022, as the day on which the Ordinance comes into operation.



     A spokesperson for the Department of Justice (DoJ) said, “Applying the CISG to the HKSAR marks an important development of the HKSAR’s law on international sale of goods.”



     The CISG applies automatically to contracts of sale of goods between parties whose places of business are in different Contracting States. Further, it applies to international sales contracts where the rules of private international law of the forum lead to the application of the law of a Contracting State according to Article 1(1)(b) of the CISG.



     Party autonomy is a fundamental principle of the Convention. With very limited exceptions, the parties can, by agreement, derogate from or vary the effect of any provisions of the CISG, or exclude the Convention’s application entirely. The availability of such an opt-out mechanism in the CISG will enable the parties to tailor their contracts to meet specific business needs.



     In 2020, the Government conducted a public consultation on the proposed application of the CISG to the HKSAR. Noting that there is general support among the respondents to the consultation for applying the CISG to the HKSAR, and after consulting the Panel on Administration of Justice and Legal Services of the Legislative Council (LegCo), the Government introduced the Sale of Goods (United Nations Convention) Bill into LegCo in July 2021. The Bill was passed by the LegCo on September 29 of the same year.



     “With a view to assisting the business and legal sectors in getting ready for the implementation of the CISG, the DoJ, in collaboration with these sectors, has rolled out a series of public events and promotional materials since the beginning of this year. For easy access by the public, the video recordings and presentation slides for all the above-mentioned events have been made available on the DoJ’s featured webpage on the CISG.”



     The Commencement Notice will be tabled in LegCo on July 6 for negative vetting.



Note: Article 153 of the Basic Law provides (inter alia) that, “[t]he application to the Hong Kong Special Administrative Region of international agreements to which the People’s Republic of China is or becomes a party shall be decided by the Central People’s Government, in accordance with the circumstances and needs of the Region, and after seeking the views of the government of the Region.”

Notice Regarding Changes in Representative Corporate Executive Officers

WEBWIRE



Mitsubishi Chemical Holdings Corporation (MCHC) hereby announces that its Board of Directors meeting today passed a resolution on personnel changes with regard to the Representative Corporate Executive Officer as detailed below.


1. Current and New Representative Corporate Executive Officers


New Position / Current Position / Name


Executive Vice President – Head of Petrochemical and Coal business / Representative Managing Corporate. Executive Officer, Supervising Corporate Strategy, Division, Corporate Communications. Office (Branding) / Yoshihiro Ikegawa



Representative Corporate Executive Officer, Executive Vice President, Chief Supply Chain Officer / Representative Director, Director of the Board, Managing Executive Officer, Supervising- Supply Chains, Mitsubishi Chemical Corporation /Nobuo Fukuda


2. Biography of the New Representative Corporate Executive Officer


Nobuo Fukuda  – (Date of Birth: December 9, 1958  – Number of shares held: 21,074)


1981 Joined Mitsubishi Chemical Industries Limited (currently, Mitsubishi Chemical Corporation)


2012 General Manager, Kurosaki Plant, Mitsubishi Chemical Corporation


2014 Executive Officer, General Manager of Chemical Products, Mitsubishi Chemical Corporation


2021 Representative Director, Director of the Board, Managing Executive Officer supervising- Supply Chains, Mitsubishi Chemical Corporation (current position)


3. Scheduled Date of Personnel Changes


April 1, 2022


4. Reason for the Personnel Changes


Changes in the management structure


In its new management policy “Forging the future” announced on 1 December 2021, MCHC announced its management structure from 1 April 2022. For more details, please refer to the attached press release “4. Leaner Structure to Execute Strategy”.


https://www.mitsubishichem-hd.co.jp/english/ir/01168.html


Corporate Executive Officers of MCHC from 1 April 2022 onwards is shown in the Annex.


Annex


Corporate Executive Officers (as of April 1, 2022)


Representative Corporate Executive Officer, President and Chief Executive Officer Jean-Marc Gilson Representative Corporate Executive Officer, Executive Vice President Chief Supply Chain Officer – Nobuo Fukuda

Executive Vice President, Chief Financial Officer Supervising – finance, communication, IR and government affairs – Yuko Nakahira

Executive Vice President, Chief Compliance Officer General Counsel Supervising – legal, internal control, admin, HR and corporate administration – Ken Fujiwara

Executive Vice President Head of Films & Molding Materials / Advanced Solutions Johei Takimoto Executive Vice President Head of Polymers & Compounds / MMA Hitoshi Sasaki Executive Vice President Head of Petrochemical & Coal business – Yoshihiro Ikegawa

Executive Vice President Head of Pharma Hiroaki Ueno Senior Vice President, Chief Technology Officer – Larry Meixner

Senior Vice President Supervising – government affairs –  Shigeki Habuka


Corporate Executive Officers supervising digital and audit will be decided in due course


Japan – Fujitsu: Notice of Product Pricing Revision in Japan

Fujitsu today announced that it will raise the standard price of certain products and optional products of the FUJITSU Server PRIMERGY series in Japan as of February 2022.

Amid the impact of the recent global supply shortage of semiconductors and various raw materials on parts and materials procurement, the Fujitsu Group has made every effort to secure parts and materials necessary for production. However, ongoing circumstances, including further increases in procurement and logistics costs, mean that it is no longer possible for Fujitsu to maintain supply prices by absorbing these expenses through efforts to improve production costs and reduce costs across the manufacturing and supply chain. Consequently, Fujitsu has decided to revise the standard prices for some products of the FUJITSU Server PRIMERGY series in Japan, as follows. Fujitsu additionally plans to revise the standard prices in Europe, Asia, Oceania and other countries, and details for each region will be communicated separately at a future date.

Details of Price Revision (in Japan)
1. Target products: Part of x86 server main units and optional products of the FUJITSU Server PRIMERGY series
2. Price revision rate: x86 server main units up about 10%, optional products up about 30%

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 126,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$34 billion) for the fiscal year ended March 31, 2021. For more information, please see www.fujitsu.com.

Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Hong Kong – Commencement notice for Mercury Control Ordinance gazetted

Commencement notice for Mercury Control Ordinance gazetted

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     The Government published in the Gazette today (August 13) the Mercury Control Ordinance (Commencement) Notice (the Commencement Notice).
      
     The Legislative Council passed the Mercury Control Bill on June 23 to fully implement the Minamata Convention on Mercury (the Convention). The Mercury Control Ordinance (the Ordinance) regulates matters including the import, export, keeping and use of mercury, mercury mixtures and mercury compounds, as well as the import, export, manufacture and supply of mercury-added products.
 
     The Commencement Notice seeks to appoint December 1, 2021, as the day on which the Ordinance comes into operation.
      
     A spokesman for the Environment Bureau said, “The Ordinance ensures the Hong Kong Special Administrative Region’s full compliance with the international obligations of the Convention, and protects public health and the environment from anthropogenic emissions and releases of mercury and mercury compounds. If the Legislative Council passes the Commencement Notice, the new regulatory system under the Ordinance will take effect on December 1, 2021. Upon the commencement of the Ordinance, the current interim control of elemental mercury trading under the Import and Export (General) Regulations (Cap. 60 sub. leg. A) will be repealed.”
      
     The Commencement Notice will be tabled at the Legislative Council for negative vetting on August 18.

CCI receives a notice relating to acquisition of certain shareholding in OFB Tech Private Limited by SVF II Orca (DE) LLC under Green Channel

The Competition Commission of India (CCI) receives a notice relating to the acquisition of certain shareholding in OFB Tech Private Limited by SVF II Orca (DE) LLC, under Green Channel and is deemed approved.

The CCI received a notice relating to the acquisition of certain shareholding in OFB Tech Private Limited (Target) by SVF II Orca (DE) LLC (Acquirer), under Green Channel and is deemed approved.

SVF II Orca (DE) LLC is a newly incorporated entity set up to make mid to long term financial investments in technology companies. It belongs to the SoftBank Group which is present in India through controlled entities and investments in various sectors, including but not limited to health technology, logistics, education technology, and artificial intelligence.

OFB Tech Private Limited is incorporated in India. It is involved in the wholesale trading of raw materials through a technology enabled platform. OFB Tech has indirect presence in (i) purchase financing business, (ii) wholesale trading of agricultural materials, (iii) wholesale trading of construction materials and related sub-contracting services, and (iv) operation of a technology platform that assists enterprises in discovering tenders.

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RM/KMN

(Release ID: 1740809)
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